Law firm leaders are revealing dramatic increases in confidence level for 2010 when it comes to client demand, revenues, profits, staffing and other metrics that tumbled last year, according to a new survey put out by Citi Private Bank Law Watch on Thursday. The Managing Partner Confidence Index shows firms don't expect to conduct any more layoffs, and 45 percent said they expect to hire associates. However, equity partner cuts could be coming, says Lisa Kohut, director of Citi's law firm group in Philadelphia.
Law Firm Leaders Express Renewed Confidence About Trends in Revenues, Staffing
The Legal Intelligencer
January 22, 2010